Q3 2025 Real Estate Market Update

Colorado Springs Real Estate Quick Facts

• Mortgage rates were down significantly from a high of 6.75% in July to 6.26% in September
• Average active listings for the quarter were 2,987, compared to 2,349 from the SQLY (up 27%)
• Total new listings for the quarter were 3,485, compared to 3,520 from the SQLY (flat)
• Sales for the quarter were 2,541 units, compared to 2,483 from the SQLY (flat)
• Average sales price for the Quarter was $572,844 up from $563,285 during the SQLY (up 1.6%)
• Average median sales price for the Quarter was $487,663 up from $494,694 (down 1.4%)
• Average days on market for sold homes was 47 for the quarter, up from 38 days from the SQLY
• Single family permits YTD were 2,170 compared to 2,296 from the SQLY (down 5%)

Market Summary

The third quarter of 2025 showed a market that looks to be stable, but with the drop in mortgage rates we didn’t see buyers rush back to the market. The uncertainty in the national economy and the looming government shut-down (which has now occurred) seems to be keeping buyers on the sidelines.

• Mortgage Rates: Dropped nearly half a point during the quarter, giving buyers some much needed buying power.
• Active Listings: Up 27% year-over-year, providing more choices for buyers, but now pushing inventory well over 3 months.
• New Listings, Sales and Prices: Essentially flat compared to this time last year.
• Homes under $500,000 remain the most active segment, drawing solid buyer demand.
• Interestingly, the $1,000,000–$1,250,000 range also saw healthy activity this quarter.

The Big Picture: After the volatility of the past few years, the market has found its footing this year. Despite the data indicating the market is solid and balanced, it really feels it could easily tip to a strong buyers’ market as we enter the last quarter of 2025.

Read full Q3 Stats